Trulieve Cannabis (TRLV) Change in Intangibles (2021 - 2025)
Trulieve Cannabis (TRLV) recorded Change in Intangibles of $3.69 million in Q4 2025, down 45.5% from $6.78 million a year earlier and down 13.6% from the prior quarter.
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Analysis
Trulieve Cannabis (TRLV) Change in Intangibles (2021 - 2025) Analysis & Trends
For FY2025, Trulieve Cannabis reported Change in Intangibles of $16.32 million, down 34.9% from FY2024.
- Annual Change in Intangibles has a five-year compound annual growth rate of 79.0% (FY2020 to FY2025).
- Across earlier years, Change in Intangibles came in at $25.06 million in FY2024 (+136.1%), $10.62 million in FY2023 (+15.2%), $9.21 million in FY2022 (+148.0%) and $3.72 million in FY2021 (+318.9%).
- The Q4 2025 figure is the lowest quarterly Change in Intangibles since Q4 2023.
- On a year-over-year basis, Change in Intangibles has declined for four consecutive quarters, with growth averaging 53.1% over the last eight quarters.
- Peak year-over-year performance for Change in Intangibles in the last five years was growth of 185.3% in Q2 2022, against a decline of 45.5% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $4.27 million (Q3 2025), $4.44 million (Q2 2025) and $3.91 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Intangibless (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 292.24 Bn | 273.81 Bn | 7.66 Bn | - |
| 2 | British American Tobacco p.l.c | 121.70 Bn | 100.85 Bn | - | - |
| 3 | Altria | 112.46 Bn | 98.66 Bn | 3.82 Bn | - |
| 4 | Curaleaf Holdings | 2.67 Bn | 2.27 Bn | 169.91 Mn | 348,000.00 |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | - |
| 6 | Trulieve Cannabis | 2.06 Bn | 674.09 Mn | 162.29 Mn | - |
| 7 | Green Thumb Industries | 1.30 Bn | 155.26 Mn | 137.87 Mn | - |
| 8 | Cronos | 1.19 Bn | -2.03 Bn | 28.45 Mn | 43,000.00 |
| 9 | Turning Point Brands | 1.12 Bn | 246.72 Mn | 93.70 Mn | - |
| 10 | Verano Holdings | 771.72 Mn | 445.33 Mn | 99.70 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 3.69 Mn |
| Sep 30, 2025 | 4.27 Mn |
| Jun 30, 2025 | 4.44 Mn |
| Mar 31, 2025 | 3.91 Mn |
| Dec 31, 2024 | 6.78 Mn |
| Sep 30, 2024 | 6.78 Mn |
| Jun 30, 2024 | 6.50 Mn |
| Mar 31, 2024 | 5.01 Mn |
| Dec 31, 2023 | 2.87 Mn |
| Sep 30, 2023 | 3.36 Mn |
| Jun 30, 2023 | 2.34 Mn |
| Mar 31, 2023 | 2.05 Mn |
| Dec 31, 2022 | 1.93 Mn |
| Sep 30, 2022 | 2.39 Mn |
| Jun 30, 2022 | 2.67 Mn |
| Mar 31, 2022 | 2.21 Mn |
| Dec 31, 2021 | 129,000.00 |
| Sep 30, 2021 | 1.64 Mn |
| Jun 30, 2021 | 937,000.00 |
| Mar 31, 2021 | 1.01 Mn |
API Access
Trulieve Cannabis Change in Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-intangibles&ticker=TRLV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-intangibles", "ticker": "TRLV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-intangibles&ticker=TRLV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();